Zhejiang New Australia Textile Listed Or Blocked

Recently, Zhejiang new Australia textile pre disclosure prospectus, intends to raise funds 430 million 570 thousand yuan on the Shanghai Stock Exchange listing, raise funds will be used in turn to replace "20000 spindles high-grade wool worsted ecological yarn project" has invested funds and follow-up investment and "repay 100 million yuan bank loan project".

The prospectus disclosed that the main raw material of new Australian textile, which is mainly engaged in the research, production and sale of worsted yarns, is Australian wool and its semi finished wool top.

However, Australian wool Price is affected by many factors such as climate, consumption demand, industrial country policy, wool reserve and exchange rate fluctuation. The price fluctuation affects the raw material cost and product price of wool spinning industry.

Australian wool is mainly made public in Australia. Auction market The response mechanism has been formed, which is characterized by transparent price, high degree of marketization, and the fluctuation of Australian wool prices on the upstream and downstream industries.

The fluctuation of wool price will bring many adverse effects to the production and operation of New Zealand textile. The Prospectus has revealed that if wool prices drop sharply in the short term, it will increase the difficulty of inventory management of wool textile enterprises and lead to the risk of loss of inventory price loss. If the price of wool is high for a long time, the price of wool products will continue to rise, resulting in the demand for wool products being suppressed.

Dependence on imports of raw materials New Australia textile The uncontrolled price of raw materials has great influence on its business performance or becomes a major obstacle to its listing.

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Yang Jun, Deputy Secretary General of China Textile Industry Federation, came to Shuyang to investigate the development of textile industry.

Zhou Zhu, member of the Standing Committee of the county Party committee and Secretary of the Party Working Committee of the economic development zone, accompanied the survey and briefed the guests about the economic and social development of our county, especially the development of the textile industry.

In recent years, our county has formed a distinctive textile industrial cluster by continuously improving the industrial quality and improving the industrial chain. Up to now, there are 258 textile enterprises in our county, of which 91 are above scale enterprises, and sales income has reached 21 billion 160 million yuan in 2013, accounting for 23% of the county's industrial sales revenue.

Through research, Yang Jun and his colleagues highly appraised the development of textile industry in our county, and hoped that our county could continue to attach great importance to the development of the textile industry, further improve the industrial chain, and promote the healthy and sustainable development of the textile industry.